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Owning a private jet is often associated with luxury, exclusivity, and convenience. While the idea of flying in a private aircraft may seem glamorous, it is essential to consider the costs involved when you consider to buy a private jet.
The initial cost to buy a private jet is typically the most substantial expense. The private jet purchase prices vary significantly based on factors such as the aircraft’s type, size, age, condition, manufacturer, and features. However, it’s important to note that the costs of owning a private jet extend beyond the initial private jet purchase price. We would like to give you an idea of the costs of owning a private jet so you have a good idea of everything involved in aircraft ownership.
We give you
An idea of the costs of owning a private jet
The costs of owning your own aircraft strongly depend on preconditions such as aircraft type and age, location, operation type, financing, etc. In these tables, we want to give you a rough idea of what is involved. We assume relatively new aircraft with little to no depreciation. This is standard practice for aircraft that are not purchased new from the factory. To get an exact quote, we will have to dive deep into your specific case and go to the market to find the planes that suit your needs.
Do you want to discuss the options of buying a private jet with us? Our team is happy to help you and will advice you when you want to buy a private plane. We can give you an idea of the costs to buy a private jet and the additional private plane costs.
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25 years of experience in managing aircrafts
Fixed costs of owning a private jet per year
Fixed costs of owning a private jet are expenses that remain relatively constant, regardless of the aircraft’s usage or flight activity. These, for example, consist of the purchase price of the private jet, insurance fees, hangar rental costs and pilot training.
Variable costs of owning a private jet per year
Additionally, there are ongoing maintenance and operational costs to consider when you want to buy a private plane. These, for example, include maintenance and repair costs and fuel costs.
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To get an idea of the costs of owning a private jet
It’s important to note that the costs of owning a private jet can vary widely depending on the type of aircraft, frequency of use, operational requirements, and personal preferences. Careful consideration of these factors will assist in making an informed decision that aligns with both financial capabilities and travel needs. Our team is happy to assist you when you think of buying a private plane and when you want to get an idea of the costs to buy a private jet. Feel free to contact one of our professional Jet View team members.
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Cost of ownership PC-12
| Assumptions | Variable costs per hour | Fixed costs per year | |||
|---|---|---|---|---|---|
| Initial Value | €4.000.000 | Fuel | €350 | Insurance | €15.000 |
| Owner hours | 200 | Engine program | €200 | AOC/CAMO | €70.000 |
| Charters hours | 200 | Avionics | €100 | Hangar | €40.000 |
| Charter profit/hour | €600 | Paint/Interior | €50 | Pilot training | €12.000 |
| Maintenance | €250 | ||||
| Airway tax | €70 | ||||
| Total | €1020 | Total | €137.000 | ||
| Costs per year | Costs per hour | ||||
| Owner hours | €204.000 | ||||
| Charter profit | -€120.000 | ||||
| Fixed costs | €137.000 | ||||
| Total | €221.000 | €1105 |
Cost of ownership Beech King Air 350
| Assumptions | Variable costs per hour | Fixed costs per year | |||
|---|---|---|---|---|---|
| Initial Value | €2.500.000 | Fuel | €190 | Insurance | €16.000 |
| Owner hours | 200 | Engine program | €260 | AOC/CAMO | €30.000 |
| Charters hours | 200 | CASP | €75 | Hangar | €20.000 |
| Charter profit/hour | €450 | Paint/Interior | €50 | Pilot training | €7.000 |
| Maintenance | €225 | ||||
| Airway tax | €150 | ||||
| Total | €950 | Total | €73.000 | ||
| Costs per year | Costs per hour | ||||
| Owner hours | €190.000 | ||||
| Charter profit | -€90.000 | ||||
| Fixed costs | €73.000 | ||||
| Total | €173.000 | €865 |
Cost of ownership CJ1+
| Assumptions | Variable costs per hour | Fixed costs per year | |||
|---|---|---|---|---|---|
| Initial Value | €3.00.000 | Fuel | €520 | Insurance | €10.000 |
| Owner hours | 200 | Engine program | €270 | AOC/CAMO | €70000 |
| Charters hours | 200 | Avionics | €100 | Hangar | €35.000 |
| Charter profit/hour | €400 | Paint/Interior | €70 | Pilot training | €20.000 |
| CASP | €100 | ||||
| Maintenance | €280 | ||||
| Airway tax | €70 | ||||
| Total | €1410 | Total | €135.000 | ||
| Costs per year | Costs per hour | ||||
| Owner hours | €282.000 | ||||
| Charter profit | -€80.000 | ||||
| Fixed costs | €135.000 | ||||
| Total | €337.000 | €1685 |
Cost of ownership CJ3
| Assumptions | Variable costs per hour | Fixed costs per year | |||
|---|---|---|---|---|---|
| Initial Value | €6.000.000 | Fuel | €715 | Insurance | €20.000 |
| Owner hours | 200 | Engine program | €320 | AOC/CAMO | €85.000 |
| Charters hours | 200 | CASP | €120 | Hangar | €40.000 |
| Charter profit/hour | €500 | Paint/Interior | €80 | Pilot training | €25.000 |
| Maintenance | €300 | ||||
| Airway tax | €70 | ||||
| Total | €1730 | Total | €170.000 | ||
| Costs per year | Costs per hour | ||||
| Owner hours | €346.000 | ||||
| Charter profit | -€100.000 | ||||
| Fixed costs | €170.000 | ||||
| Total | €416.000 | €2080 |
Cost of Cessna Citation XLS
| Assumptions | Variable costs per hour | Fixed costs per year | |||
|---|---|---|---|---|---|
| Initial Value | €8.000.000 | Fuel | €800 | Insurance | €20.000 |
| Owner hours | 200 | Engine program | €450 | AOC/CAMO | €85.000 |
| Charters hours | 200 | CASP | €150 | Hangar | €45.000 |
| Charter profit/hour | €700 | Paint/Interior | €100 | Pilot training | €35.000 |
| Avionics | €145 | ||||
| Maintenance | €365 | ||||
| Airway tax | €70 | ||||
| Total | €2080 | Total | €185.000 | ||
| Costs per year | Costs per hour | ||||
| Owner hours | €416.000 | ||||
| Charter profit | -€140.000 | ||||
| Fixed costs | €185.000 | ||||
| Total | €461.000 | €2305 |